RPBAX vs. SPY
Compare and contrast key facts about T. Rowe Price Balanced Fund (RPBAX) and SPDR S&P 500 ETF (SPY).
RPBAX is managed by T. Rowe Price. It was launched on Dec 29, 1939. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPBAX or SPY.
Correlation
The correlation between RPBAX and SPY is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RPBAX vs. SPY - Performance Comparison
Key characteristics
RPBAX:
0.73
SPY:
0.51
RPBAX:
1.09
SPY:
0.86
RPBAX:
1.15
SPY:
1.13
RPBAX:
0.81
SPY:
0.55
RPBAX:
3.72
SPY:
2.26
RPBAX:
2.27%
SPY:
4.55%
RPBAX:
11.62%
SPY:
20.08%
RPBAX:
-40.32%
SPY:
-55.19%
RPBAX:
-3.57%
SPY:
-9.89%
Returns By Period
In the year-to-date period, RPBAX achieves a 0.53% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, RPBAX has underperformed SPY with an annualized return of 6.49%, while SPY has yielded a comparatively higher 11.99% annualized return.
RPBAX
0.53%
-1.34%
-0.36%
8.92%
9.46%
6.49%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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RPBAX vs. SPY - Expense Ratio Comparison
RPBAX has a 0.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RPBAX vs. SPY — Risk-Adjusted Performance Rank
RPBAX
SPY
RPBAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Balanced Fund (RPBAX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
RPBAX vs. SPY - Dividend Comparison
RPBAX's dividend yield for the trailing twelve months is around 7.25%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPBAX T. Rowe Price Balanced Fund | 7.25% | 7.28% | 3.80% | 5.03% | 9.33% | 4.59% | 3.41% | 8.42% | 2.14% | 3.37% | 7.32% | 7.43% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RPBAX vs. SPY - Drawdown Comparison
The maximum RPBAX drawdown since its inception was -40.32%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RPBAX and SPY. For additional features, visit the drawdowns tool.
Volatility
RPBAX vs. SPY - Volatility Comparison
The current volatility for T. Rowe Price Balanced Fund (RPBAX) is 8.21%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that RPBAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.